KBC CEO and Management Appointments

    KBC Advanced Technologies plc (KBC) announces new CEO and other management appointments.

/24-7PressRelease/ - LONDON, UK & HOUSTON, TX, June 03, 2006 - Further to the announcement made in March regarding Peter Close's planned retirement, KBC is pleased to announce that George Bright (previously Chief Operating Officer) has been appointed Chief Executive Officer. Nicholas Stone, Finance Director, will assume the role of Operations Director. Peter Close will remain on the Board until his retirement on 30 September 2006 focusing on sales to major customers.

George Bright has extensive experience in this business and its markets, having joined KBC to establish the Reliability and Maintenance business in 1998. Since that time, among other roles, he has also had primary responsibility for acquisitions including Linnhoff-March, PEL, and, most recently, TTS. Mr. Bright was appointed Chief Operating Officer in October 2003, and he joined the KBC Board in March 2004.

In addition, KBC has also hired Kirk R. Novak as Executive Vice President of Business Development for the Americas. Prior to joining KBC, Kirk was Executive Director of Business Development for CBandI. Mr. Novak has held several management positions in sales, marketing and business operations over the past 20 years.

These changes in management responsibilities are designed to accelerate the improvements in financial and operational performance as KBC has achieved sales and revenue growth in the last three consecutive quarters and the momentum continues for the remainder of this year.


Contacts for KBC Advanced Technologies plc
Chief Executive Officer
George Bright
+44 1932 242424

Corporate Communications
Tamra Daniels
+1 281 293 8200
[email protected]

About KBC Advanced Technologies plc

KBC Advanced Technologies plc, a leading independent consulting and process engineering group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide. KBC provides process consulting, strategic planning advice, energy price forecasting and market analysis, economic studies, and capital project services to help clients achieve their business objectives and improve their competitive position. KBC analyses plant operations and management systems, recommends changes for material and measurable improvements in profitability, and KBC provides implementation services and solutions to assist clients in realising these improvements. In carrying out this work, KBC makes extensive use of Petro-SIM , its proprietary refinery-wide simulation and process modelling technology. Formed in 1979, KBC has offices in the UK, USA, Canada, Singapore, the Netherlands, Russia, China, and Japan. For more information, visit http://www.kbcat.com.

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